Surimi Market Forecast and Trends Analysis Research Report 2021-2031

Posted on 2021-11-03 by Future Market Insights, Inc in Food & Beverage // 0 Comments

Growing demand for seafood analogs such as imitation crabs and lobster meat has been driving demand for surimi in the global market. Innovative products such as surimi noodles and efforts by companies to adopt new taste trends to meet consumer demand are also aiding market expansion. As such, the surimi market is expected to experience high growth in terms of volume over the coming decade.

As per Fact.MR analysis, the global surimi market is anticipated to reach a valuation of over US$ 12 billion by 2030, with its growth rate pegged at nearly 6% from 2020 to 2030.

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Key Takeaways from Surimi Market Study

East Asia accounts for a share of more than 35% in the global surimi market, and is expected to experience growth of 1.8X by 2030 over the value in 2020.
The surimi market in South East Asia & Oceania is expected to portray the highest growth rate of over 6% during forecast period.
Based on source, demand for itoyori accounts for the highest share in the market, and is expected to offer the highest absolute dollar opportunity during the forecast period.
While demand for chilled or fresh surimi is observed to be high at present, frozen surimi is expected to grow 1.9X by 2030 over the value in 2020.
Demand for surimi through direct sales is higher in comparison with retail sales, and is expected to show higher growth during the forecast period.
The COVID-19 pandemic is projected to have a low to moderate impact on the global surimi market.

“Gap between supply and demand for surimi has been driving prices in recent years, and further imposition of sustainable fishing practices is expected to have a high impact on prices in future,” says a Fact.MR analyst.

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Report Scope

Attribute	Details
Market Size in 2020	US$ 3 Bn
Market Forecasted Value for 2031	US$ 5.8 Bn
Global Growth Rate	~6.1
Share of Top 10 Companies	30% to 40%
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	MT for Volume and US$ Million for Value
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania MEA
Key Countries Covered	United States Canada Brazil Mexico Rest of LATAM Germany U.K. France Spain Italy BENELUX Russia Rest of Europe China Japan South Korea India Indonesia Malaysia Singapore Rest of South Asia Australia New Zealand South Africa GCC Countries Rest of South Africa
Key Market Segments Covered	Species Form Sales Channel Application Region
Key Companies Profiled	Aquamar Inc, Viciunia Group Trident Seafoods Pacific Seafood Group SeaPak Glacier Fish Company Boston Salads & Prepared Foods Arctic Storm Management Group OceanFood Sales Ltd. Maruha Nichiro Group Russia Fishery Companies Thong Siek Global Trans-Ocean Products Gadre Marine Ocean More Foods Co. Ltd. American Seafoods Group Others
Pricing	Available upon Request

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Key Segments Covered in Surimi Industry Survey

By Species
- Fish Surimi
  - Alaskan Pollock
  - Atlantic Cod
  - Tilapia
  - Black Bass
  - Others
- Meat Surimi
  - Pork Surimi
  - Beef Surimi
By Form
- Fresh Surimi
  - Whole
  - Fillet
- Processed Surimi
  - Canned
  - Frozen
    - Whole
    - Fillet
By Sales Channel
- Direct Sales of Surimi
- Indirect Sales of Surimi
  - Modern Trade
  - Convenience Stores
  - Specialty Food Stores
  - Wholesale Stores
  - Discount Stores
  - Online Retail
  - Other Retail Formats
By Application
- Food Industry
- Pharmaceutical Industry
- Animal Feed
- Pet Food
- Food Service
- Retail

Crucial insights in the Surimi Market research:

Underlying macro- and microeconomic factors impacting the growth of the Surimi Market Basic overview of the Hydrocarbon Waxes Market, including market definition, classification, and applications.
Scrutinization of each Surimi Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Surimi Market across various industries.
Important regions and countries offering lucrative opportunities to Surimi Market stakeholders.

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Key Takeaways from Surimi Market Study

Report Scope

Key Segments Covered in Surimi Industry Survey

By Species

By Form

By Sales Channel

By Application

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